Broadridge Financial Solutions (BR) Revenue — Quarter Ended Sep 30, 2023
Broadridge Financial Solutions reported a decline in revenue for the quarter compared to the immediately preceding period. However, revenue increased relative to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2024 Q1
Broadridge Financial Solutions reported a decline in revenue for the quarter compared to the immediately preceding period. However, revenue increased relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
-22.2%
Change from the immediately preceding quarter.
Year-over-year
+11.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $1.3B | +2.6% |
| Mar 31, 2023 | $1.6B | +7.3% |
| Jun 30, 2023 | $1.8B | +6.7% |
| Sep 30, 2023 | $1.4B | +11.5% |
Revenue performance
The reported revenue moved downward from the prior quarter, while still showing an upward trajectory over the prior-year period.
Quarterly comparison
Sequentially, revenue decreased from the June quarter, but on a year-over-year basis, it was higher than the September quarter of the previous fiscal year.
What to watch
The sequential revenue decline, alongside the annual gain, may be examined in light of the risk factors disclosed in the filing.